Climate Change: What Everyone Needs to Know®

A carbon tax is a tax on the carbon content of hydrocarbon fuels or on the carbon dioxide emitted by those fuels when they are converted into energy. Hydrocarbons fuels—such as coal, oil, and natural gas—contain carbon, which turns into carbon dioxide after combustion. In economics, the total economic harm caused by a pollutant such as carbon dioxi

couple of decades ago, few people imagined that the most consequential near-term impacts of climate change on large parts of both the United States and Canada would be the warming-driven population explosion of a tiny pest, the tree-destroying bark beetle. Only through a comprehensive and ongoing

The second category focuses on regulatory policies aimed at either increasing the use of clean energy or reducing the emissions of GHGs.

first category focuses on economic policies aimed at raising the price of carbon dioxide (and other GHG) emissions or subsidizing the cost of carbon-free energy sources. The goal of a carbon price is to have the economic cost of burning hydrocarbons (coal, oil, and natural gas) reflect the actual harm their emissions cause to humans and society.

there is “potential liability for any negative consequences” linked to a weather-modifying intervention.

Panel

albedo modification report is that one or two of those strategies might be affordable, but they are dangerously flawed.

meat, fish, and egg consumption is no more than 90 grams per capita a day, the

A key point is that the investment is not the same as the net economic cost, because many of the investments reduce energy consumption and thus generate savings. In addition, investment in new technology is generally associated with higher productivity and economic growth.